Keystone Bank-Landscape Proposal-V4
Keystone Bank-Landscape Proposal-V4
7 November 2017
Keystone Bank
Repositioning the bank
for growth
We build brand advantage
Contents
• Introduction
• Repositioning Keystone Bank
• About Industry
• Project plan and budget
Introduction
“
The past The future
The emergence of the
Keystone Bank was set up following Sigma Golf Nigeria and Riverbank
the revocation of Bank PHB’s banking Investment Resources (Sigma Golf Sigma Golf-Riverbank
license by the Central Bank of Nigeria
in 2011. Bank PHB was formed in 2005
Riverbank consortium) emerged from
a group of eighteen interested
consortium will bring
by the merger between Platinum Bank
Plc and Habib Nigeria Bank Plc .
investors with a winning bid to buy
nationalised Keystone Bank.
a new lease of life with
the expected injection
The Asset Management Corporation of The new investors will further
Nigeria, which was established to strengthen the bank’s highly of fresh capital that
house, restructure and dispose of the
country’s non-performing banking
experienced team of professionals
by drawing in new talent from across would position the bank
assets, subsequently capitalized
Keystone Bank and appointed a new
the industry and are committed to
repositioning the bank to serve its
to play competitively in
board and management team. customers better and create enhanced the banking space and
”
value for all stakeholders.
actualise its full potential.
The bank would benefit from developing a more focused
proposition that will shape a distinctive customer experience
Complex messaging
The bank has a complex and long set of principles that underpin its
brand, which will be hard for employees to remember and therefore
hard to act on. Rationalisation and simplication of the messaging
will help the bank be clearer about what it stands for.
Inconsistency
The bank is inconsistent in its communication of messages it uses
in its promotional material.
A more unified approach to the management of the banks brand and digital
presence will allow it to capture synergies across different markets
There is a underpinning rationale behind the name and logo There is no consistent look to the bank’s communications. If you
of the bank, but the quality of its execution looks amateurish covered up the logo you would not know who the communication
and undermines confidence and trust in the bank. was from. A strong identity goes much deeper than the logo. It
should have a coherent graphic style that both inspires confidence
and is instantly recognisable through its use of colour, typography,
graphics and choice of imagery.
• Unify and strengthen its brand presence across Nigeria, Sierra Leone and Liberia
About Industry
Industry is an
independent strategic
brand consultancy
Awards
We build brand advantage
Brand
proposition
Employees Communications Operations Experience
We bring an international perspective to every project
London
New York
Bahrain
Singapore
Mauritius
Sydney
Research Report
Spotlight on Bank Brands
Case studies and
relevant experience
Commercial Bank of Qatar
38 years ago Commercial Bank opened its doors At the heart of the new brand is a bold promise,
in Doha, Qatar – the first private sector bank in ‘everything is possible’ which captures the spirit
the country. This was the first of many ‘firsts’ of entrepreneurship and innovation that has
the Bank has achieved over the years. characterised the bank over the years.
Anticipating the next generation of digitally The evolved brand identity gives prominence to
empowered customers, Industry helped to the iconic four-crescent symbol. A new colour
position Commercial Bank for the next phase palette which takes its cue from the different times
in its growth. of the day – dawn, day, dusk and night – represents
the 24-hour service offered by the bank.
Brand positioning
The new positioning for Commercial Bank of Qatar – defined OU
ERS RC
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as ‘everything is possible’ – was interpreted for each audience. OM
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Brand metrics - Reputation and image CUST
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Category Measure Description Change governance
OUR P
rep liability
1. Image Everything is possible Successful/innovative/ +18%
ex ering
Bu tation
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2. Distribution Channel Excellent service +25% ence
ART
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Service Helpful/problem solving +26% OUR PEOPLE
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+21% sta e Va dd
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3. Products Product Simple/good u
Realising
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Price/value Rates/returns/value +31%
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4. Communications Communication Clear/likeable +15% wo sitive
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5. Community Qatar Understand Qatar/ +21% careers
Youth My community +41%
Bank for young people OUR PEOPLE
Ghana Commercial Bank
Industry developed the brand identity and Industry created a new website and brand identity Industry created the name, brand and website for
guidelines for Close Brothers Asset Management, for the newly formed Qatar Abu Dhabi Investment Aegila, a newly formed Investment firm backed by
a division of Close Brothers, which positions itself Company. The fast-track project was completed BBK and Osool.
as a Modern Merchant Bank. in 8 weeks.
Relevant experience
Industry developed a new brand proposition Industry developed the market proposition, Industry created the brand identity for property
and identity for Nexia International, the top 10 values and internal communication programme consultancy, Cluttons, helping it to consolidate
$3.1billion global accountancy network. The for Helios Towers Africa, following the expansion its leading position in the Middle East and
identity link device forms a visual expression of the telecom towers business across Africa. North Africa.
of the strapline ‘closer to you’.
Project plan and budget
Brand programme workstreams
1 2 3 4 5 6
Brand audit Brand research Brand strategy Brand identity Website Communicating
and positioning and manual the new brand
positioning
Workstream 1
Brand audit
This stage of work will benchmark the bank’s current Step 3. Digital review
positioning versus its competitors. Specifically, it will: Review of the bank’s use of digital including: Deliverables
• Understand the overall business strategy for the bank • Review of website user journeys to • Fully documented audit detailing strengths,
test functionality and ease of use weaknesses, opportunities and threats
• Establish the key brand strengths and weaknesses
• Review of search engine performance • Presentation setting out audit findings and
• Benchmark the bank’s brand against its competitors recommendations for the development of the brand
and web analytics
• Identify implications for the rebrand
• Review of Facebook, LinkedIn, Twitter, Instagram
• Research report
Step 1. Review existing research The brand dashboard provides a baseline Specifically, the dashboard metrics cover: In order to support customer acquisition, the bank must
- Brand awareness (Have people heard of us?) maintain its awareness and drive-up brand consideration.
goal of building a brand that outperforms communications?) The management of the brand should be seen as a continuous
process and external research should be conducted post-launch
its key competitors. - Image (What characteristics and qualities do people
and then on a six monthly basis to evaluate progress and
associate with us?)
fine-tune service delivery.
100 80 80
80 10
Target
December 2012 70%
• Retail customer survey conducted online 60
40
0
Target
December 2012 +1%
20
-10
-4%
0
51% 64% -20
-20%
Baseline Benchmark Baseline Benchmark
February 2012 February 2012 February 2012 February 2012
measure the performance of the brand. Commitment to finding better ways to serve me
Solves problems effectively and quickly
00%
00%
00%
00%
Inspires confidence
Successful
00%
00%
00%
00%
Communications which are clear and informative 00% 00% Reliable 00% 00%
The bank is committed to the future of Qatar 00% 00% Safe 00% 00%
Products that are clear and simple to understand 00% 00% Ambitious 00% 00%
Easy access to knowledgeable staff 00% 00%
Products that are flexible should Image weaknesses to address
my needs change 00% 00% Baseline Target
February 2012 December 2012
Products that are new and innovative 00% 00%
Helpful 00% 00%
The bank gives something back
to the community 00% 00% Modern 00% 00%
Never makes mistakes or errors 00% 00% Innovative 00% 00%
Easy to manage transactions online,
in branch or phone 00% 00%
Image strengths to maintain
Brings me ideas about my money 00% 00%
Baseline Target
February 2012 December 2012
The best rates and returns for my products 00% 00%
Presents information in a useful way so Efficient 00% 00%
I can understand my finances 00% 00% Straightforward 00% 00%
Attractive branches 00% 00% Proactive 00% 00%
(% of customers who agree)
Workstream 3
Brand strategy and positioning
Building on the insights from the brand audit, the third Step 2. Workshop with senior management
stage in the brand process will assist the bank to identify Workshop with the senior management team to evaluate Deliverables
a competitive brand positioning and framework that will: the merits of the alternative positioning scenarios.
• Agreed brand strategy
• Differentiate the bank from competitors • Brand narrative
Step 3. Brand narrative
• Provide a clear framework for aligning its people, • Strapline
Definition of a full brand narrative, setting out the bank’s
operations and customer experience around the
journey and its future ambition, which provides a
delivery of a compelling proposition
compelling reason to believe in the bank’s future and
Brand framework
• Make the full range of services in the bank easy substantiates the bank’s positioning.
to understand
• Definition of a messaging strategy for each of the
bank’s key audiences, that expands on the core
Step 1. Brand positioning scenarios positioning, to inform the future brand advertising
Development of a range of positioning scenarios, and PR activity.
using a proven brand framework, which identifies: Proposition
Point of
differentiation, e.g. service
• Definition of proposition
Values
Our values and beliefs that characterise
our culture and personality
Workstream 4
Brand identity and manual
The fourth stage in the brand process will deliver a new Step 3. Development of the preferred concept Step 6. Colour proof tests
brand identity that: Development of the preferred identity concept, including Undertake two rounds of lithographic printing proofs to
the tone-of-voice, that will help express the personality establish the correct colour breakdowns for the new brand.
• Brings the desired brand positioning to life
of the bank through all written communication.
• Creates impact and standout in the market Demonstration of the preferred concept across further Step 7. Create identity artworks
applications, including: Creation of artwork and templates:
Step 1. Brand identity system • An advertisement • Word and PowerPoint templates.
Development of initial concepts for the logotype and
the use of colour, typography, imagery, graphics and • Stationery • Logo artwork
illustration that together form the brand identity system. • Annual Report cover
Demonstration of three initial concepts working in Step 8. Create brand manual
application on: Write and produce a 45-page brand manual detailing
Step 4. Art direction of photoshoot (optional)
• A business card Selection of photographers and preparation of a brief for a all aspects of the new brand identity to be delivered
photography shoot to create a unique photography library as a PDF.
• A marketing leaflet
for the new brand.
• A digital application
Step 5. Develop detailed design specifications Deliverables
Step 2. Review of concepts Development of detailed design specifications for
• Brand guidelines
Presentation of three concepts to the senior management all aspects of the brand identity system.
team for review, with a clear recommendation on the most • Brand artworks and templates
promising route.
Workstream 4
Brand Manual Contents
Positioning and core values numbers, use bullet points, pull out quotes and adding • Interior wayfinding • Full page news ads ( Full colors / BW)
Overview of brand positioning. emphasis. • Door sign • Recruitment ad (Full colors / BW)
• Core purpose • Floor directory • Point of sale posters
• Proposition Paper recommendation
• Value statements Recommended paper stocks. Workwear Brochures
Specifications for the application of the brand to Standard templates for brochure cover layouts
Naming and brand architecture Stationery workwear items. providing fixed positions and scales for the
Philosophy behind brand name and guidelines for Detailed specification for the application or the creation • Service staff uniforms application of the logo to ensure consistency across all
the creation of names for divisions, sub-brands and of corporate stationery. • Staff ID cards communications
services. • Business cards • Name badges in sizes.
• Letter head • Corporate profile template (A4)
Logos • Agenda Exhibition materials • Leaflet template (DL)
Logo variants for print and digital applications with • L envelope Guidelines for the application of the brand and • Brochure template (A5)
detailed specifications for scaling, positioning and • A3, A4, A5 and DL envelopes production of exhibition panels and popup banners.
exclusion zones. • Notepad • Booth Digital
• Brand logo philosophy • CD sticker and cover • Popup / backdrop • Principles for applying the brand elements to digital
• Brand logo visibility requirements • Folder • Leaflet table stand media.
• Brand logo background control • Invitation card • Website interface (UX, content, development
• Brand logo spot color • Mailing label Merchandising / Gift Items not included)
• Stamp background control Guidelines for application of the brand graphics to • App interface (UX, content, development not
• Minimal allowed print size of the logo Environments, signage, livery and workwear merchandise and gift items. included)
• Brand logo prohibited usages Detailed specification for the application or the brand • VIP gift box • Web banner template
to environments, signage, livery and workwear. • Tea coasters • Social media icons
Colours • Tissue boxes • Banner advertising template
Colour palettes and usage principles. Environments • Pen • E-signature
Specifications for application of brand graphics to • Wall calendar
Typography & fonts physical environments and assets. • Tent calendar Cards and cheque books
Details on typefaces for print and digital. Specification • Mobile branch • Paper bag Specifications for application of the brand to cards and
for the use of font sizes and weights for headlines, body • ATM unit cheque books.
text, pullout quotes etc. • Branch interiors Corporate marketing and advertising • Bank cards (up to three cards)
Grid systems and details for applying the brand • Cheque books
Photography / illustration / cinematography Signage elements to brochures, advertising and posters.
Style guidelines and examples of photography, Signage specification for
illustration and cinematography. the creation and application of signs. Advertising
• Exterior branch signage Grid systems for advertising including templates
Tone of voice and writing style • Exterior wayfinding for the creation of print advertisements and branch
How we write about the bank. How to set dates and • Interior brand signage posters.
Workstream 5
Website
This stage of work will result in the design and Step 3. Creation
development of a new website which: Creation of website design and content including: Deliverables
• Positions the bank as a technology leader in Africa • Creation of website homepage concept • Fully responsive corporate website built on open
source CMS e.g. SilverStripe
• Makes the bank’s services easy to access • Detailed design of templates/modules
The final stage of the brand project will launch the new Step 2. Launch campaign
brand and help the bank establish its new positioning both Develop external launch and communication campaign, Deliverables
internally and externally. Specifically, it will provide a including:
• CEO presentation
launch campaign designed to:
• Development of external communication • Brand book
• Inspire employees and ensure they understand their launch strategy
• Line manager briefing toolkit
role in delivering on the brand proposition
• Development of integrated brand advertising • Internal posters x 6 executions
• Launch the brand to the market and sustain front of campaign covering press, outdoor, digital and TV
• Integrated advertising and brand campaign
mind awareness with the bank’s key audiences
• Customer announcement and mailing • Customer mailing
• Align all of the banks’ communications, marketing
• Suite of product literature x 18 product brochures
and sponsorship activities with the brand proposition Step 3. Alignment of communications and
marketing activity
Step 1. Internal campaign and collateral Review of existing communications and marketing activity
Develop internal communication programme and against strategy, including:
supporting collateral, including:
• Identification of opportunities for rationalisation of
• CEO launch presentation and supporting narrative promotional materials
• Line manager cascade briefing kit • Redesign and writing of core marketing collateral,
including product brochures
• Brand book that captures the bank’s story and new
positioning, mission, vision and values • Review of current sponsorships and events to ensure
best fit and alignment to the positioning
• Internal posters
Project schedule
Workstream 1
Step 1. Management interviews
Step 2. Brand and communications review
Step 3. Digital review
Step 4. Competitor benchmarking
Workstream 2
Step 1. Review existing research
Step 2. Customer research
Step 3. Setting of KPIs
Workstream 3
Step 1. Brand positioning scenarios
Step 2. Workshop with senior management
Step 3. Brand narrative
Workstream 4
Step 1. Brand identity system
Step 2. Review of concepts
Step 3. Development of the preferred concept
Step 4. Art direction of photoshoot (optional)
Step 5. Develop detailed design specifications
Step 6. Colour proof tests
Step 7. Create identity artworks
Step 8. Create brand manual
Workstream 5
Step 1. Identification of business and user needs
Step 2. Strategy and UX
Step 3. Creation
Step 4. Development
Workstream 6 (optional)
Step 1. Internal campaign and collateral
Step 2. Launch campaign
Step 3. Alignment of business as usual communications and marketing activity
Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sept 18’
Project budget
USD USD
Workstream 1 Workstream 5
Step 1. Management interviews $10,000 Step 1. Identification of business and user needs $9,000
Step 2. Brand and communications review $8,000 Step 2. Strategy and UX $27,000
Step 1. Review existing research $1,000 Step 1. Internal campaign and collateral $19,000
Step 3. Setting of KPIs $4,000 Step 3. Alignment of business as usual communications and marketing activity $45,000
Workstream 3
Total $451,000
Step 1. Brand positioning scenarios $13,000
Workstream 4
Step 5. Develop detailed design specifications $19,000 The shown fee is an estimate, based on our current understanding of the brief and related scope of work. We will
review the plan and budget together with the client as part of the project. If our fee and the anticipated scope
Step 6. Colour proof tests $13,000 varies we will clear any additional budget with the client prior to starting work.
Step 7. Create identity artworks $15,000 These figures exclude costs for travel, media buying, photography, library imagery, hardware, printing, mailing,
distribution, licensing, web development, sponsorship and event costs. All costs will be agreed with clients in
Step 8. Create brand manual $55,000
advance and charged on without mark-up.
Project team Senior Counsel, Nigeria Project Lead
Prince Damian Wongo Akinwalere Ayomikun Daniel Jim Northover James Packer
Creative Head, Toofinique Media and PR Strategist, Toofinique Chairman, Industry Chief Creative Officer, Industry
International team
Robert Johnson Debbie Spence Ebrahim Kazi Amaresh S Ramlugan Simon Thackaway
Director, Industry Director, Industry Partner, Industry Partner, Industry Partner, Industry
Project team
Industry
Sholto has over 25 years of consulting A founding partner of Industry, James leads Jim is Chairman of Industry Partners.
experience in branding and communications. and manages all creative output. He has over He pioneered corporate identity and the
A founding partner of Industry, Sholto leads 18 years’ experience working for many of the strategic use of design as a business discipline.
on all strategic output. world’s leading brands – from HSBC to John
Lewis Partnership. Prior to joining Industry, he co-founded
He has worked across Europe, the US, Asia consultancy Lloyd Northover and was the
Pacific and the Middle East in the financial He has worked with several leading agencies company’s Chairman until 2011. He has
services, retail, utility, transport, property acquiring skills along the way in identity, worked for clients in both public and private
and technology sectors. He has worked for advertising, print and digital design. Today sectors in the UK, Europe, Asia Pacific and
some of the largest brands and businesses he brings these skills together, helping to the Middle East.
in the world including John Lewis, HSBC, orchestrate integrated brand solutions for
Commercial Bank of Qatar, China Light & clients. His financial services experience
Power, LTA Singapore, Xcel Energy, RBS, CBQ, includes RBS, Natwest, BNP Paribas,
BNP Paribas and Commercial Bank of Dubai. Coutts, Swiss Re, Ghana Commercial
Bank and Alternatif.
Project team
Toofinique
Barrister Emeka Oscar Albert Prince Damian Wongo Akinwalere Ayomikun Daniel
Senior Counsel, Nigeria Creative Head, Toofinique Media and PR Strategist, Toofinique
Since his call to the Nigerian Bar in 1989, Emeka Albert Damian has over eight-years’ experience working as a Akinwalere Ayomikun is responsible for media and PR
has consulted for organisations across many sectors of brand strategist for clients across telecommunication, strategy at Toofinique. A Civil Engineering graduate,
the Nigerian economy. Early in his career he became retail, media, technology, professional services, he found his passion in the creative world of branding.
the company secretary of a fast-growing savings and healthcare, non-profit, media and arts.
loan institution and then went on to join the Coscharis Before joining Toofinique, he cut his teeth in
Group, rising to the position of General Counsel He has worked for leading brands including Funtuna advertising where he was quickly promoted to
in 2000. Eggs, Slot, HipTv, Smooth Promotions, Animal Care creative director. Today, Akinwalere Ayomikun
Service Konsult, Eagle Eye Communication, Poise handles a range of high profile projects in the creative
In 2003, he co-founded Eagle Eye Communications, an Nigeria, Ilalo Security Company Somalia, Legalpedia, and entertainment industry in Nigeria, including the
advertising and branding agency. In 2005 he founded Keystone Attorneys, Matrix, CACN, AEMA. Abuja Carnival, MTV Base MAMA Awards, and the
Legalpedia, where he is editor-in chief. Commonwealth Nigeria Awards for Excellence. An
Prior to joining Toonifique, Damian spent three years entrepreneur, he is also the founder of Miss Nigeria
Today he is senior partner in Keystone Attorneys, an working for Admechniks before taking a role at Honey Teen Beauty Pageant and the Commonwealth Nigeria
ICT-driven law firm based in Lagos. He is also a director Fountain Consult. Pageant. He also handles the brand image of a number
of several companies, including servicing companies of A-list celebrities in Nigeria.
in the oil and gas sector. He is also a consultant to the He studied Digital Communication and Multimedia
UNODC on Justice Sector Reforms. He has trained at KBU International College and Economics at the
lawyers, law teachers, law students and judges on the University of Lagos.
use of ICT in the legal profession. He has also led a
team of judicial officers to Singapore in 2012 on a
UN-coordinated study tour.
We build
brand advantage